Hey there, fellow traders. Long time I haven't posted, but no time like the present to get back to it.
I was one of the few who were not convinced that we were going to just blow past $10,500. Now, with us struggling to stay above $9,500 the case for the CME gap fills are becoming that much clearer. $8,500 CME gap fill would be a retest of the 21 week MA, but I...
Which ever whale moved the 94k BTC... for the love of God... put us out our misery so we can get the show back on the road please.
Thanks,
A Crypto pleb.
But seriously. previous bull run start, first breakout above 60 MA weekly saw correction that came close to testing the 60EMA....
somebody moved a crap load of BTC.
low volume on weekends= easy manipulation....
Perhaps its too early to call for the final dip....
I had my suspicions since mid- July, but its getting to make more and more sense currently, that we are experiencing a mini version of 2018 PA. If so shorts risk getting liquidated in the coming day or two, and we might see a push back up to $10,500, maybe even $11,200.
Time will tell...
Noticed that in previous bull markets, it is around this time that we retrace to either the 0.5 or 0.618. In addition, around 8.1k to 8.2k has played an important zone of support/resistance since 2017. Personally I'm laddering in bids from 8.3 to 7.2k. How about you all out there?
Awesome content from MMCrypto channel to allow this thought. In the last bull market, BTC respected the 50 EMA pretty well on the 3 Day chart. If we are in a true bull market, perhaps that would be a great indicator to a potential bottom. As many know movements are looking to form a bull flag pattern, and if the theory of the 50 EMA holds true, may be looking at...
Possible retest at around 10500, and if failure to break, That 50 day MA will not hold. We will then drop to around 9000 for a possible bounce.
With price action this past weekend and all the FUD as fuel, I am not too confident in that MA will hold...
Heard a lot of rumblings in a discord group I'm in about CME gap fill. With every drop and stop out thinking more and more that there is something to it. If this is the case I am neutral and on the sidelines until things change for real. However, should it play out this is how I see it going.
Let's see how this plays out. eyed the patterns, and saw that this is possible. As everyone said, the rise to this point may not have been natural and needs some cooling off. July may scare some. But stay strong.
So my chart yesterday clearly never panned out.... lets try again.
What if BTC is just forming a massive inverted head and shoulders pattern from May 26th....?
